Weigh out your options before buying a short term health insurance policy. If you are planning to get a long term health insurance policy in the future, but cannot afford one today it could be a good alternative. Afterwards, you can take out a long term one when you have the budget.
Short-term health insurance will not cover pre-existing conditions. If you have been diagnosed with a medical condition before applying for a short-term or temporary insurance policy, it could not be used to cover costs that may arise from medication of your pre-existing medical condition.
A short-term health insurance policy is a form of policy that will last for a short period of time; this can be anywhere from 6 to 12 months. There are even shorter policies which could run for up to 30 days.
A major difference between short term and long term health insurance policies is of course the time. But apart from that, it will not cover preventive care like physical exams. But it is designed to cover serious health conditions.
If you sign up for this kind of plan, expect that you will become ineligible for the guaranteed insurance coverage. Guaranteed insurance coverage means that you are covered whatever the state of your health is.